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China’s Stock Market on Track to Reach $10 Trillion in Value

A stock investor at a security firm in Fuyang, east China's Anhui province. — A stock investor at a security firm in Fuyang, east China's Anhui province.
Photographer: STR/AFP via Getty Images

By

Kyoungwha Kim

June 5, 2015, 4:00 PM UTCUpdated onJune 6, 2015, 3:04 AM UTC

The value of Chinese stocks is poised to reach $10 trillion after a world-beating rally added virtually the equivalent of Japan’s equities market this year.

The Shanghai Composite Index climbed 8.9 percent this week, its biggest jump this year, to close above 5,000 for the first time since 2008. Companies with a primary listing in China were valued at $9.7 trillion at the end of trading Friday, an increase of $4.8 trillion since the end of 2014, according to data compiled by Bloomberg. Japan’s stock market is valued at $5 trillion, while the U.S. is at almost $25 trillion.